7 Secrets of Attracting New Customers and Retaining Old Customers

In business, what do you think is most important? Yes, customer. It’s no secret if the customer has indeed become one of the most important things in the business world. Because these customers are the ones who make our business survive and continue to grow. Maybe you are curious about what the secret to attract new customers. However as an entrepreneur, of course you want to know how to get new customers while retaining those old customers who are already loyal. Because after all, we shouldn’t just focus on finding new customers and forgetting our loyal customers. So, what is the way we can capture new customers while maintaining the loyalty of old customers? Here are some ways you can do it.

1. Maximize Social Media

Social media is not only the right tool for promotion, but can also be an effective secret in capturing new customers and greet loyal customers. To attract more customers, expand the network by utilizing various social media. Think of it as the secret to attracting new customers like a spider’s web. If the net is stronger and wider, of course the greater we can get the opportunity to catch prey in larger numbers. But, you must always update the social media that you use to do business. This is done to ensure that you are still in the social circle of clients or customers. With this, you can also remind customers that you are there. So when they need a certain product, they … Read More

Customer Needs You should know

What customers want and what customers need sometimes are 2 different things. What customers want and need sometimes are 2 different things. Sales duty is to determine between the needs and desires of the customer, the customer is always right even if the customer wants the wrong thing for his needs. There are 5 things the needs and desires of customers to sell that we will discuss. Here are some alternatives to know the needs and desires of your customers.

1. Research

If customer research is part of your marketing strategy, it can provide a broad view of the needs of existing customers. Review the results of research from targeted business sectors to identify trends and changes in purchasing patterns.

2. Customer Feedback

We usually do this at workshops or seminars that we organize, to find out to what extent the needs and desires of participants are able to be met. Try to think of ways that can be applied in your business, how to get feedback. Maybe by polling forms on the website, polling on social media or invite the client community to share experiences and provide suggestions for improvement.

3. Social Media

This can be a simpler form of research, some social media such as Twitter, for example, already provides polling features and the #hashtags system to record what information is needed on social media.

4. Collaboration

This collaboration process can also be in the form of a competition or a creative competition by involving your product in … Read More

Analysis of Consumer Needs, Should I?

Analysis of consumer needs is one way that businesses need to do to determine consumer behavior, especially their needs. Whereby analyzing consumer needs can help business people in developing business strategies, especially marketing strategies. Considering the consumers here are things that need to be taken care of when doing business that is closely related to the business of making a profit.

Especially in the current era of the business world is often faced with the risk of intense competition, especially if the business sector that is run has many enthusiasts such as culinary business, property and so forth. So it is not surprising that various efforts and strategies are formed to overcome this competition. Tight competition is also associated with protecting consumers, increasing consumer loyalty, and even attracting new customers. All that is done by business people in order to maintain and develop their business, no exception to analyzing consumer needs.

By analyzing the needs of consumers it is expected that business people know clearly how and what the actual needs of consumers. So that later it is expected to be able to create products or services that are appropriate or close to the needs of consumers themselves. Furthermore, the business that is run can take the interest or attention of consumers and survive in the midst of fierce business competition as it is today.

The following are the reasons why businesses need to analyze consumer needs:

1. Creating an appropriate product or service

By analyzing the needs of consumers … Read More

What’s Finance?

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Return on Assets is a type of return on funding metric that measures the profitability of a enterprise in relation to its complete belongings. Return on Investment is a performance measure used to gauge the returns of an investment or compare efficiency of different investments. Financial modeling is performed in Excel to forecast an organization’s monetary efficiency.

finance

Monetary Careers

Repayment and return on funding are contingent upon the achievement of sure social outcomes and achievements. Modern types of social finance also include some segments of microfinance, particularly loans to small business homeowners and entrepreneurs in less developed international locations to allow their enterprises to develop. Lenders earn a return on their loans while concurrently serving to to enhance individuals’ way of life and to learn the local society and economy. As a specialized field, personal finance is a latest development, though forms of it have been taught in universities and colleges as “house economics” or “shopper economics” because the early twentieth century. The subject was initially disregarded by male economists, as “house economics” seemed to be the purview of housewives.

Acquiring and managing debt properly can help an organization expand and turn into extra profitable. Finance as a examine of principle and apply distinct from the field of economics arose within the Nineteen Forties and Nineteen Fifties with the works of Markowitz, Tobin, Sharpe, Treynor, Black, and Scholes, to name just a few. But specific realms of finance–similar to banking, lending, and investing, in fact, … Read More

Opportunity Value

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This means explicit costs will at all times have a dollar worth and involve a transfer of money, e.g. paying staff. With this mentioned, these specific costs can simply be recognized underneath the bills of a agency’s income statement and steadiness sheet to characterize all the money outflows of a firm. Yet, he ended up creating some of the successful software companies in Microsoft. His opportunity cost was the benefit of a school schooling at Harvard and a steady, successful profession working for another person. However, his entrepreneurial drive led him to picking the route of becoming a self-starter and entrepreneur. While most people who drop out of college do not become billionaires, it was different for Bill Gates.

As an investor who has already sunk money into investments, you may find another investment that promises greater returns. The opportunity value of holding the underperforming asset could rise to the purpose the place the rational investment option is to promote and spend money on the more promising investment. Again, a chance cost describes the returns that one may have earned if the money were as an alternative invested in another instrument. Thus, while 1,000 shares in company A would possibly finally sell for $12 a share, netting a profit of $2,000, during the identical period, firm B elevated in value from $10 a share to $15. An opportunity cost could be to contemplate the forgone returns … Read More

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The Time Has Come For Individuation Marketing®

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Go beyond primary web site analytics and identify your web site visitors, what pages they visit, and … Read More